Литва : Недвижимость в Литве

Lithuania: Buying Guide

How high are realtors’ and lawyers’ fees in Lithuania? What about other property purchase costs? TRANSACTION COSTS Who Pays? Notarial fees 0.5% - 1% buyer Registration fees 0.03% - 0.5% buyer Broker's fee 1.5% - 3% (+ 18% VAT) seller Costs paid by buyer 0.53% - 1.50% Costs paid by seller 1.77% - 3.54% ROUNDTRIP TRANSACTION COSTS 2.30% - 5.04% See footnotes   How difficult is the property purchase process in Lithuania? Except for agricultural lands, there are virtually no restrictions in foreign ownership of land in Lithuania.Every sale agreement of any real estate must be certified by a notary. Failure to notarize an agreement makes it null and void. Transfer of real property is documented by an act of transfer-acceptance signed by both seller and buyer. It is worthwhile to note, however, that the registration of the agreement on the Real Estate Register is not a precondition to its validity. It takes an average of three days to complete the three procedures needed to register a property in Lithuania.     Notarial fees Failure to notarize the sale - purchase agreement makes the transaction null and void by law.   Notarial fees   Value of property (in €) Fee (in €) up to € 8,688.60 1% of the value, but not less than € 14.48 from € 8,688.61 to € 28,962 € 86.89 + 0.7% of the amount exceeding € 8,688.60 above € 28,962 € 228.80 +0.5% of amount exceeding € 28,962     Registration fees Registration of sale-puchase agreement is not mandatory. However, to protect the interest of both parties, registration with the Real Estate Register is highly recommended. Registration typically takes 14 days, but it can be expedited by paying a surcharge based on the table below, 3 day registartion - 30% mark-up; 2 day - 50%, 1 day - 100% mark-up.   Registration fees   Market value of Building (in € ) Fee (in €) Up to 14,481 28.96 From 14,481 to 28,962 28.96 + (0.05% of market value in excess of € 14,481) From 28,962 to 57,924 36.2 + (0.045% of market value in excess of € 28,962) From 57,924 to 144,810 49.24 + (0.04% of market value in excess of € 57,924) From 144,810 to 289,620 83.99 + (0.035% of market value in excess of € 144,810) More than 289,620 134.67 + (0.03% of market value in excess of € 289,620) , but no more than € 2,896.20     Market value of Land Plot( in €) Fee (in €) Up to 579.24 5.79 From 579.24 to 1,737.72 7.24 + (0.5%of market value in excess of € 579.24) From 1,737.72 to 3,185.82 13.03 + (0.45% of market value in excess of € 1,737.72) From 3,185.82 to 4,344.30 20.27 + (0.4% of market value in excess of € 3,185.82) From 4,344.3 to 7,240.5 26.06 + (0.35% of market value in excess of € 4,344.3) More than 7,240.50 36.2 + (0.3% of market value in excess of € 7,240.5), but no more than € 2,896.20     FOOTNOTES TO TRANSACTION COSTS TABLE   The round trip transaction costs include all costs of buying and then re-selling a property – lawyers’ fees, notaries’ fees, registration fees, taxes, agents’ fees, etc.       Currency: The currency rate is at: €1 = 3.4528 LTL       VAT: New buildings, defined as buildings sold within 24 months of completion or improvement, are subject to 18% VAT.       Agent's fee: Usually, real estate agent's fee is 1.5% to 3.0% of the purchase price, plus 18% VAT.